Bitcoin Slides Below $95,000 — Analyst Predicts Potential Correction To $85,000
Posted On November 25, 2024
Bitcoin‘s (CRYPTO: BTC) recent rally could face a sharp downturn, with a prominent trader warning of a potential correction if the cryptocurrency fails to break the $100,000 resistance level.
The forecast, which points to a drop as low as $85,600 in a worst-case scenario, comes as Bitcoin shows signs of a cooling rally after nearing the critical $100,000 milestone.
On Nov. 23, chart analyst Ali Martinez flagged a bearish signal on Bitcoin’s 12-hour chart using the TD Sequential indicator.
Ali predicted that Bitcoin could correct to …
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